Thursday 17, October 2013

The government has announced plans for a new fully independent regulator that will sit under the Financial Conduct Authority (FCA) umbrella as part of the Banking Reform Bill. It will have a specific objective to promote competition in the banking sector.

Wednesday 16th October, 2013

Avis Budget Group has once again expanded its Business Support Centre in Budapest, Hungary, which will now include operations and sales support services for the company's EMEA region. The initiative, part of the company's ongoing integration efforts following its acquisition of Avis Europe plc in October 2011, further streamlines operations across the region and adds approximately 150 new positions at the facility, bringing the total number of employees to more than 700.

Tuesday 15th October

Everyone likes a good news story, and it seems that the current story unfolding at OB10 is a ringing endorsement of both their product and the state of global e-invoicing.  Business success can usually be put down to a few things - sometimes it’s luck, sometimes it’s timing, sometimes it’s a fundamentally unique and strong product, sometimes it’s the drive of specific people – very occasionally it’s all of those things.  And when it is, there’s often a sense of inevitability or a sense that business has been queuing up waiting for the product to appear - and so it seems as shares begin trading in Tungsten Corp (the vehicle created by City legend Edmund Truell, solely to purchase OB10).

Monday 14th October, 2013

David Cameron has announced his intention to look into introducing late payment penalties in an effort to help small businesses. The news comes in response to a general failure of many businesses to voluntarily sign up to the Prompt Payment Code. Currently fewer than half of the FTSE 350 are signed up to the agreement and although it has been welcomed by SMEs , the policy has had little effect overall.